North Ground Capital Makes New Investment in MidCap Financial Investment Corporation $MFIC

North Ground Capital bought a new position in MidCap Financial Investment Corporation (NASDAQ:MFIC) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $2,998,000. MidCap Financial Investment accounts for 1.9% of North Ground Capital’s holdings, making the stock its 22nd biggest holding. North Ground Capital owned 0.27% of MidCap Financial Investment at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in MidCap Financial Investment in the second quarter worth about $32,000. Signaturefd LLC lifted its position in shares of MidCap Financial Investment by 88.5% in the 2nd quarter. Signaturefd LLC now owns 3,387 shares of the company’s stock worth $43,000 after purchasing an additional 1,590 shares during the period. Financial Consulate Inc. bought a new position in shares of MidCap Financial Investment during the third quarter valued at approximately $46,000. State of Alaska Department of Revenue bought a new position in shares of MidCap Financial Investment during the third quarter valued at approximately $46,000. Finally, Access Investment Management LLC purchased a new position in MidCap Financial Investment during the second quarter valued at approximately $50,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

MidCap Financial Investment Price Performance

Shares of MFIC stock opened at $11.57 on Monday. MidCap Financial Investment Corporation has a fifty-two week low of $10.18 and a fifty-two week high of $14.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 4.34 and a current ratio of 4.34. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 10.92 and a beta of 0.74. The stock’s 50-day simple moving average is $11.73 and its 200-day simple moving average is $12.24.

MidCap Financial Investment (NASDAQ:MFIC) last released its earnings results on Thursday, November 6th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. MidCap Financial Investment had a net margin of 30.79% and a return on equity of 10.33%. The company had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $83.56 million. As a group, equities analysts forecast that MidCap Financial Investment Corporation will post 1.73 earnings per share for the current fiscal year.

MidCap Financial Investment Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.52 dividend on an annualized basis and a yield of 13.1%. MidCap Financial Investment’s payout ratio is currently 143.40%.

Wall Street Analysts Forecast Growth

MFIC has been the topic of several recent research reports. Wall Street Zen raised MidCap Financial Investment from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of MidCap Financial Investment in a research note on Wednesday, October 8th. Raymond James Financial set a $13.50 price target on shares of MidCap Financial Investment and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Compass Point reaffirmed a “neutral” rating and issued a $12.25 price objective (down previously from $14.75) on shares of MidCap Financial Investment in a research report on Monday, November 10th. Finally, Zacks Research upgraded shares of MidCap Financial Investment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.75.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation (NASDAQ: MFIC) is a business development company that provides financing solutions to middle-market companies across the United States. The firm specializes in direct lending and asset-based financing, offering a range of debt instruments designed to support working capital needs, equipment acquisitions, lease financing and corporate recapitalizations. Its focus on senior secured loans, unitranche structures and equipment financings positions it to serve clients in sectors such as manufacturing, healthcare, transportation and energy.

Through its lending platform, MidCap Financial Investment Corporation partners with privately held and sponsor-backed companies that typically generate annual revenues between $25 million and $500 million.